NOT LISTED FOR SALE

1010 Walnut St Reading, PA 19601

Penn's Common Neighborhood

Estimated Value: $87,870

-- Bed
-- Bath
-- Sq Ft
1,307 Sq Ft Lot

Last Sold February 26, 2016

Last sale price $17,000

Est. 417% increase in value since last sale

Current estimated payment $548/month

83 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Energy-Efficient Windows
  • Tile or Brick Flooring
  • Baseboard Heating
  • 4-minute walk to City Park

About This Home

As of February 2016

STORE/RESTAURANT + 2-3 BEDROOM APARTMENT ON 2ND AND 3RD FLOOR. The first floor was last used as a restaurant. Kitchen equipment has been removed. There are 3 rooms in the store/ restaurant. At the front is a showroom or dining area; followed by the kitchen or multipurpose room. At the back is another multipurpose room. Additionally there is a half bath at the back of the store. The restaurant used the entire basement for storage, equipment etc. On the second and third floor is a 2-3 bedroom apartment in decent condition. At this price property will be a money maker. Owners could also operate their business on the first floor and live upstairs. Store needs repairs caused by removing the restaurant equipment. Outer side wall of building needs some repairs. Property is sold "AS IS" including all contents. Owner will consider LEASE / PURCHASE with sizable down payment.

Last Agent to Sell the Property

MICHAEL VAVRECK

United Real Estate Strive 212 Listed on: 09/16/2015

United Real Estate Strive 212

Last Buyer's Agent

Suzi Ford

Springer Realty Group License #RS228124L

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 1,307

Parking

  • 1 Open Parking Space

Home Design

  • Duplex
  • Stucco

Flooring

  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Schools

  • Reading Senior High School

Utilities

  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House
  • Energy-Efficient Windows
  • 1,307 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Operating Expense $1,036

Listing and Financial Details

  • Tax Lot 7217
  • Assessor Parcel Number 08-5317-69-01-7217

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: Fridge, All Contents "As-Is"
  • New Construction: No
  • Storage: Basement
  • Year Built: 1930
  • Remarks Public: STORE/RESTAURANT + 2-3 BEDROOM APARTMENT ON 2ND AND 3RD FLOOR. The first floor was last used as a restaurant. Kitchen equipment has been removed. There are 3 rooms in the store/ restaurant. At the front is a showroom or dining area; followed by the kitchen or multipurpose room. At the back is another multipurpose room. Additionally there is a half bath at the back of the store. The restaurant used the entire basement for storage, equipment etc. On the second and third floor is a 2-3 bedroom apartment in decent condition. At this price property will be a money maker. Owners could also operate their business on the first floor and live upstairs. Store needs repairs caused by removing the restaurant equipment. Outer side wall of building needs some repairs. Property is sold "AS IS" including all contents. Owner will consider LEASE / PURCHASE with sizable down payment.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl, Tile/Brick
  • Window Features: Energy Efficient
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 1010

Exterior Features

  • Construction Materials: Stucco
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 16800.00
  • Land Assessed Value: 8800.00
  • Land Use Code: 4124
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1445669
  • Tax Annual Amount: 1087.00
  • Assessor Parcel Number: 08-5317-69-01-7217
  • Tax Lot: 7217
  • Tax Year: 2016
  • Close Date: 02/26/2016

MLS Schools

  • School District Name: READING

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2024
Sold by
Johnson James E
Bought by
City Rental Service Llc
Current Estimated Value
$87,870

Purchase Details

Listed on
Sep 16, 2015
Closed on
Feb 26, 2016
Sold by
Ramsey Anthony and Ramsey Angela
Bought by
Johnson James E
Seller's Agent
MICHAEL VAVRECK
United Real Estate Strive 212
Buyer's Agent
Suzi Ford
Springer Realty Group
List Price
$24,000
Sold Price
$17,000
Premium/Discount to List
-$7,000
-29.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.79%

Purchase Details

Listed on
Oct 15, 2014
Closed on
Jan 22, 2015
Sold by
Sangha Parshotam
Bought by
Ramsey Anthony and Ramsey Angela
Seller's Agent
Matthew Stauffer
United Real Estate Strive 212
Buyer's Agent
Matthew Stauffer
United Real Estate Strive 212
List Price
$39,999
Sold Price
$36,000
Premium/Discount to List
-$3,999
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-49.44%

Purchase Details

Closed on
Jan 13, 2014
Sold by
Sanchez Leopoldo and Pichardo Rosa J
Bought by
Sangha Parshotam

Purchase Details

Closed on
Nov 29, 2012
Sold by
Gonzalez Juan C
Bought by
Sanchez Leopoldo and Pichardo Rosa J

Purchase Details

Closed on
Sep 1, 2004
Sold by
Gonzalez Juan Carlos
Bought by
Gonzalez Juan C
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
City Rental Service Llc $90,000 None Listed On Document
Johnson James E $17,000 None Available
Ramsey Anthony $36,000 None Available
Sangha Parshotam $29,000 None Available
Sanchez Leopoldo $22,500 Conestoga Title Insurance
Gonzalez Juan C -- Dba Conestoga Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open City Rental Services Llc $130,000
Previous Owner Filpo Richard $34,141
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2016 02/26/16 Sold $17,000 -29.2% --
12/08/2015 12/08/15 Pending -- -- --
09/16/2015 09/16/15 For Sale $24,000 -33.3% --
01/22/2015 01/22/15 Sold $36,000 -10.0% --
01/08/2015 01/08/15 Pending -- -- --
10/15/2014 10/15/14 For Sale $39,999 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $695 $25,600 $8,800 $16,800
2024 $1,137 $25,600 $8,800 $16,800
2023 $1,119 $25,600 $8,800 $16,800
2022 $1,119 $25,600 $8,800 $16,800
2021 $1,119 $25,600 $8,800 $16,800
2020 $1,108 $25,600 $8,800 $16,800
2019 $1,108 $25,600 $8,800 $16,800
2018 $1,108 $25,600 $8,800 $16,800
2017 $1,101 $25,600 $8,800 $16,800
2016 $629 $25,600 $8,800 $16,800
2015 $629 $25,600 $8,800 $16,800
2014 $579 $25,600 $8,800 $16,800
Source: Public Records

Agents Affiliated with this Home

  • MICHAEL VAVRECK

    Seller's Agent in 2016

    MICHAEL VAVRECK

    United Real Estate Strive 212

    (484) 388-1604

    94 Total Sales

    Section Image
  • Suzi Ford

    Buyer's Agent in 2016

    Suzi Ford

    Springer Realty Group

    (484) 336-8677

    1 in this area

    49 Total Sales

    Suzi Ford
    Section Image
  • Matthew Stauffer

    Seller's Agent in 2015

    Matthew Stauffer

    United Real Estate Strive 212

    (484) 269-6612

    1 in this area

    29 Total Sales

    Matthew Stauffer
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002700616

Bright MLS

APN: 08-5317-69-01-7217

Pennsylvania Berks County Reading 19601 Penn's Common

1010 Walnut St, Reading, PA

This home is located at 1010 Walnut St, Reading, PA 19601 since 16 September 2015 and is currently estimated at $87,870. This property was built in 1930. 1010 Walnut St is a home located in Berks County with nearby schools including Tenth & Penn El School, Southern Middle School, and Reading Senior High School.

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